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20130101
20130131
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KQEH (PBS) 1
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PBS
Jan 8, 2013 6:30pm PST
the e.u.'s jobless rate hitting 11.8%, 18.8 million people going without work. the highest is in spain, where a quarter of its working population is unemployed. youth unemployment is at a record high, and exports from germany and france are falling. it is among the top risks for investors here. ian, happy new year. we have seen u.s. stock prices climb to five-year heights, despite the risks in europe. are the risks getting more pronounced for global investors? >> no. the risks are overplayed. people have been concerned about the likelihood the eurozone was going to fall apart. you only had to have a economist description last year. i think they ran eight different cover stories, showing the euro either blowing up or breaking apart or bursting into flames. not going to happen. no greek exit. no anybody else exit. but the austerity that is hitting, and hitting hard, precisely because the germans are trying to create fiscal union, and ultimately more accountability for the budgets of these peripheral countries, is hurting pretty bad. europe, you're definitely going to see significant cont
Search Results 0 to 0 of about 1